You borrow $12,000 from your bank to help pay for some emergency home repairs.

.

This loan is paid back by making quarterly payments of $1100 for a total of 3 years.

.

What is total amount of interest paid on this loan?

Answers

Answer 1

The amount of interest paid is $21000

What is interest?

In finance and economics, interest is the payment of an amount over repayment of the principle sum (that is, the amount borrowed) by a borrower or deposit-taking financial institution to a lender or depositor at a certain rate by a borrower or deposit-taking financial institution. It differs from a charge that the borrower may pay to the lender or a third party. Interest is also distinct from a dividend, which is given by a firm to its shareholders (owners) from its profit or reserve, but not at a fixed rate, but rather on a pro rata basis as a portion of the reward achieved by risk-taking entrepreneurs when revenue exceeds total expenditures.

Total amount paid = $11000x3 = $33000

Interest paid = $(33000-12000) = $21000

Hence, the amount of interest paid is $21000

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Related Questions

how would I solve and what would the answer be?

Answers

Answer:[tex]\begin{gathered} (f\circ g)(x)=|x+6| \\ (g\circ f)(x)=|x|+6 \end{gathered}[/tex]

Explanation:

Given that:

f(x) = |x| and g(x) = x + 6

[tex](f\circ g)(x)=|x+6|[/tex]

and

[tex](g\circ f)(x)=|x|+6[/tex]

find the sum to infinity 16,4,1,1/4

Answers

Answer:

The sum to infinity of the given series is;

[tex]S_{\infty}=21\frac{1}{3}[/tex]

Explanation:

From the given series, we can see that the series is a Geometric Progression (GP) because it has a common ratio;

[tex]\begin{gathered} r=\frac{4}{16}=\frac{1}{4} \\ r=0.25 \end{gathered}[/tex]

The formula to calculate the sum to infinity of a GP is;

[tex]\begin{gathered} S_{\infty}=\frac{a}{1-r} \\ \text{For;} \\ 0Where;

a = first term = 16

r = common ratio = 0.25.

substituting we have;

[tex]\begin{gathered} S_{\infty}=\frac{16}{1-0.25}=\frac{16}{0.75} \\ S_{\infty}=21\frac{1}{3} \\ S_{\infty}=21.33 \end{gathered}[/tex]

Therefore, the sum to infinity of the given series is;

[tex]S_{\infty}=21\frac{1}{3}[/tex]

For each equation, choose the statement that describes its solution. If applicable, give the solution.

Answers

w=2

All real numbers are solutions

1) In this question, let's solve each equation, and then we can check whether there are solutions, which one would be.

2) Let's begin with the first one, top to bottom

[tex]\begin{gathered} 2(w-1)+4w=3(w-1)+7 \\ 2w-2+4w=3w-3+7 \\ 6w-2=3w+4 \\ 6w-3w=4+2 \\ 3w=6 \\ \frac{3w}{3}=\frac{6}{3} \\ w=2 \end{gathered}[/tex]

Note that we distributed the factors outside the parenthesis over the terms inside.

So for the first one, we can check w=2

3) Moving on to the 2nd equation, we can state:

[tex]\begin{gathered} 6(y+1)-10=4(y-1)+2y \\ 6y+6-10=4y-4+2y \\ 6y-4y-2y=4-4 \\ 6y-6y=0 \\ 0y=0 \end{gathered}[/tex]

So, there are infinite solutions for this equation, or All real numbers are solutions

Division Properties of Exponents HW.

Answers

Given the expressions:

[tex]\begin{gathered} \frac{4^5}{4^2} \\ \text{and} \\ \frac{4^2}{4^5} \end{gathered}[/tex]

we can use the following property for exponents in quotients:

[tex]\frac{a^n}{a^m}=a^{n-m}[/tex]

in this case, we have the following:

[tex]\begin{gathered} \frac{4^5}{4^2}=4^{5-2}=4^3 \\ \text{and} \\ \frac{4^2}{4^5^{}}=4^{2-5}=4^{-3} \end{gathered}[/tex]

then, the difference between both expressions is that when they are simplified, they get opposite signs on their exponents.

A chemical company mixes pure water with their premium antifreeze solution to create an inexpensive antifreeze mixture. The premium antifreeze solution contains 65%pure antifreeze. The company wants to obtain 260 gallons of a mixture that contains 45% pure antifreeze. How many gallons of water and how many gallons of the premium antifreeze solution must be

Answers

Answer:

80 gallons of water

180 gallons of premium antifreeze solution.

Explanation:

Let's call X the number of gallons of water and Y the number of gallons of the premium antifreeze solution.

The company wants to obtain 260 gallons of the mixture, so our first equation is:

X + Y = 260

Additionally, the mixture should contain 45% of pure antifreeze and the premium antifreeze solution contains 65% pure antifreeze. So, our second equation is:

0.45(X + Y) = 0.65Y

Now, we need to solve the equations for X and Y. So, we can solve the second equation for X as:

[tex]\begin{gathered} 0.45(X+Y)=0.65Y \\ 0.45X+0.45Y=0.65Y \\ 0.45X=0.65Y-0.45Y \\ 0.45X=0.2Y \\ X=\frac{0.2Y}{0.45} \\ X=\frac{4}{9}Y \end{gathered}[/tex]

Then, we can replace X by 4/9Y on the first equation and solve for Y as:

[tex]\begin{gathered} \frac{4}{9}Y+Y=260 \\ \frac{13Y}{9}=260 \\ 13Y=260\cdot9 \\ 13Y=2340 \\ Y=\frac{2340}{13} \\ Y=180 \end{gathered}[/tex]

Finally, replacing Y by 180, we get that X is equal to:

[tex]\begin{gathered} X=\frac{4}{9}Y \\ X=\frac{4}{9}\cdot180 \\ X=80 \end{gathered}[/tex]

Therefore, the solution should have 80 gallons of water and 180 gallons of premium antifreeze solution.

Robin Sparkles invests $3,760 in a savingsaccount at her local bank which gives 1.8%simple annual interest. She also invests$2,400 in an online savings account whichgives 5.3% simple annual interest. After fiveyears, which one will have earned moreinterest, and how much more interest will ithave earned, to the nearest dollar?

Answers

The formula for determining simple interest is expressed as

I = PRT/100

where

I = interest

P = principal or amount invested

T = time in years

R = interest rate

Considering the amount invested in her local bank,

P = 3760

R = 1.8

T = 5

I = (3760 x 1.8 x 5)/100 = 338.4

Considering the amount invested in online savings,

P = 2400

R = 5.3

T = 5

I = (2400 x 5.3 x 5)/100 = 636

After 5 years, the investment in the online savings account earned more interest.

The difference in interest earned is

636 - 338.4 = $298 to the nearest dollar

It has earned $298 more than the local bank's interest

Transforming the graph of a function by shrinking or stretching

Answers

So,

From the graph of the function f(x), we can notice it contains the points:

[tex]\begin{gathered} f(2)=-4\to(2,-4) \\ f(-2)=-2\to(-2,-2) \end{gathered}[/tex]

If we use the transformation, we obtain the new points:

[tex]\begin{gathered} f(\frac{1}{2}x)\to f(\frac{1}{2}(2))=f(1)=-\frac{7}{2}\to(2,-\frac{7}{2}) \\ f(\frac{1}{2}x)\to f(\frac{1}{2}(-2))=f(-1)=-\frac{5}{2}\to(-2,-\frac{5}{2}) \end{gathered}[/tex]

All we need to do to graph the new line is to plot the points:

[tex](2,-\frac{7}{2})\text{ and }(-2,-\frac{5}{2})[/tex]

And form a line that passes through them.

Find the exact value of sin A and cos A where a = 9 and b = 10 and

Answers

Given data:

a=9 , b = 10

use the phythagoras theorem,

[tex]c=\sqrt[]{a^2+b}^2[/tex][tex]\begin{gathered} c=\sqrt[]{9^2+10^2} \\ c=\sqrt[]{81+100} \\ =\sqrt[]{181} \end{gathered}[/tex]

thus,

[tex]\sin A=\frac{opp}{\text{hypo}}[/tex][tex]\text{sinA}=\frac{9}{\sqrt[]{181}}[/tex]

and,

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I need help with this page pls help me !!

Answers

N 6

we have

[tex]216=\frac{r}{2}+214[/tex]

a ------> subtraction

subtract 214 both sides

[tex]\begin{gathered} 216-214=\frac{r}{2} \\ 2=\frac{r}{2} \end{gathered}[/tex]

b ------> multiplication

Multiply by 2 both sides

[tex]\begin{gathered} 2\cdot2=2\cdot\frac{r}{2} \\ r=4 \end{gathered}[/tex]

c ------> r=4

You borrow 200 from a friend you repay the loan in two weeks and agreed to pay eight dollars for interest what is the annual percentage rate? Round your answer to the nearest 10th of a percent

Answers

10% dad, her friend owes

Trini Cars break down on the highway.show me estimates that she is 20 to 30 miles from the nearest car repair shop she calls a towing company that charges a fee of $80 plus $3 per mile to tow a car.if training uses this towing company, which is the best estimate for the amount of money,m,she will pay for the company to tow her car.a .103 greater than sign and greater than sign 113 b.140 greater than sign M greater than sign 150 c.114 greater than 5 m greater than 170 d. 560 greater than 10 m > 70

Answers

We have that the cost is $80 plus $3 per mile, and also we now that the car is 20 to 30 miles from the car repair shop. So we have that Trini have to pay

[tex]\begin{gathered} 80\text{ + 3(20) }\leq\text{ M }\leq\text{ 80 + 3(30)} \\ 80\text{ + 60 }\leq\text{ M }\leq\text{ 80 + 90} \\ 140\text{ }\leq\text{ M }\leq170 \end{gathered}[/tex]

So the answer is: b.140 greater than sign M greater than sign 150.

A number divisible by 2, 5 and 10 if the last digit is _______.

A. An even number
B. O
C. 0 or 5
D. An odd number​

Answers

Answer :- B) 0

Only a number ending with the digit 0 is divisible by 2,5 and 10

Example :-

20 ÷ 2 = 10

20 ÷ 5 = 4

20 ÷ 10 = 2

Here, 20 is the number that ends with 0.

1.5 part 1 question 36 determine whether the graph represent a function explain your answer

Answers

Recall that for a graph to correspond to a graph it must pass the vertical line test. The vertical line test consists of drawing vertical lines and if two points of the graph are on the same vertical line then the graph does not represent a function.

Notice the following:

From the above graph, we get that points A B, and C are on the same vertical line, and the same happens for e and f, and m and n. Therefore the graph fails the vertical line test.

Answer: The graph does not represent a function.

help meeeeeeeeee pleaseee !!!!!

Answers

The composite functions are evaluated and simplified as:

(f o g)(x) = 9x² + 5

(g o f)(x) = 3x² + 15

How to Evaluate a Composite Function?

To evaluate a composite function, the inner function is evaluated first using the given input. After then, the output of the inner function is used as the input to evaluate the outer function.

Given the following:

f(x) = x² + 5g(x) = 3x

Therefore:

a. (f o g)(x) = f(g(x))

Substitute g(x) for x into f(x) = x² + 5

f(g(x)) = (3x)² + 5

Simplify the function

f(g(x)) = 9x² + 5

b. (g o f)(x) = g(f(x))

Substitute f(x) for x into g(x) = 3x:

g(f(x)) = 3(x² + 5)

Simplify the function

g(f(x)) = 3x² + 15

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How do I find the selling price if a store pays 3$ for a magazine. The markup is 5%

Answers

We need to find the selling price of a magazine. We know that the store pays $3 for it, and the markup is 5%.

So, we need to add 5% of the initial price to that initial price.

First, let's find:

[tex]5\%\text{ of }\$3=5\%\cdot\$3=\frac{5}{100}\cdot\$3=\frac{\$15}{100}=\$0.15[/tex]

Now, adding the previous result to the initial price, we obtain:

[tex]\$3+\$0.15=\$3.15[/tex]

Therefore, the selling price is $3.15.

282The number of germs in a sample can be measured by the equation f(x)=15x + 145. Temperature represents the domain of the sample while the range isthe number of germs. If a doctor wants to keep the amount of germs to be less than 300,what is the approximate domain of temperatures to keep the sample under 300?

Answers

Answer

The approximate domain temperature is 10

Step-by-step explanation:

Given the following model function

f(x) = 15x + 145

Mathematically

15x + 145 < 300

Collect the like terms

15x < 300 - 145

15x < 155

Divide both sides by 15

15x/15 < 155/15

x < 10.33

in which quadrant is the given point located (2,-4) ​

Answers

Answer: 4th Quadrant

Step-by-step explanation:

When plotted, the point (2, -4) lies in the 4th quadrant.

Ms.Lee has 7 boys and 13 girls in her class. If she selects a student at random, what is the probability that she will select a boy?

Answers

Answer: 35 percent chance

Step-by-step explanation: 7+13=20 20x5=100 7x5=35 13x5=65 65+35=100

Polly surveyed 850 teenagers to find out their favorite type of music she found that 32% of teenagers to Vader like hard rock how many Teenage evade light Hard Rock

Answers

The survryed was on 850 teenagers

Number of teenage that evade light hard rock = 32% of 850

=32/100 x850

=272

What are the coordinates of the point on the directed line segment from (3,-3) to (7,5) thar oartitions the segment into a ratio of 5 to 3?

Answers

Answer:

(x, y) = (5.5, 2)

Explanation:

The coordinates of a point that divide the segment from point (x1, y1) to (x2, y2) into a ratio of a:b can be found using the following equations:

[tex]\begin{gathered} x=x_1+\frac{a}{a+b}(x_2-x_1) \\ y=y_1+\frac{a}{a+b}(y_2-y_1) \end{gathered}[/tex]

So, replacing (x1, y1) by (3, -3), (x2, y2) by (7, 5) and the ratio a:b by 5:3, we get that the coordinates of the point are:

[tex]\begin{gathered} x=3+\frac{5}{5+3}(7-3) \\ x=3+\frac{5}{8}(4) \\ x=3+2.5=5.5 \\ y=-3+\frac{5}{5+3}(5-(-3)) \\ y=-3+\frac{5}{8}(5+3) \\ y=-3+\frac{5}{8}(8) \\ y=-3+5=2 \end{gathered}[/tex]

Therefore, the coordinates of the point are (x, y) = (5.5, 2)

What is the constant of proportionality of x 0 4 8 12 y 0 3 6 9

Answers

Answer:

3/4

Step-by-step explanation:

As y is changing by 3, x is changing by 4

15. The new county park is one mile square. What would be the length of a road around its boundaries?

Answers

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data:

County park:

area = 1 mile²

Step 02:

length of a road around:

area = side²

1 mile ² = s²

[tex]\begin{gathered} s^2=1 \\ s=\sqrt[]{1}=\text{ 1 } \end{gathered}[/tex]

s = 1 mile

perimeter = 4 s = 4 * 1 mile = 4 miles

The answer is:

the length of a road around its boundaries is 4 miles

Suppose that an airline uses a seat width of 16.2 in. Assume men have hip breadths that are normally distributed with a mean of 14 in. and a standard deviation of 1 in. Complete parts (a) through (c) below.

Answers

Given:

population mean (μ) = 14 inches

population standard deviation (σ) = 1 inch

sample size (n) = 126

Find: the probability that a sample mean > 16.2 inches

Solution:

To determine the probability, first, let's convert x = 16.2 to a z-value using the formula below.

[tex]x=\frac{\bar{x}-\mu}{\sigma\div\sqrt{n}}[/tex]

Let's plug into the formula above the given information.

[tex]z=\frac{16.2-14}{1\div\sqrt{126}}[/tex]

Then, solve.

[tex]z=\frac{2.2}{0.089087}[/tex][tex]z=24.6949[/tex]

The equivalent z-value of x = 16.2 is z = 24.6949

Since we are looking for the probability of greater than 16.2 inches, let's find the area under the normal curve to the right of z = 24.6949.

Based on the standard normal distribution table, the area from the center to z = 24.6949 is 0.5

Since we want the area to the right, let's subtract 0.5 from 0.5.

[tex]0.5-0.5=0[/tex]

Therefore, the probability that a sample mean of 126 men is greater than 16.2 inches is 0.

11. (04.02 LC) Saving all the money in a safe at home most likely means (5 points) being stingy being dishonest being untrusting O being thrifty​

Answers

Saving all the money in a safe at home most likely means D. being thrifty

What is money?

Money is any commodity or verifiable record that is widely accepted in a given country or socioeconomic environment as payment for products and services and repayment of debts, such as taxes.

Money enables us to meet our most basic requirements, such as purchasing food and shelter and paying for healthcare. Meeting these demands is critical, and if we don't have enough money to do so, our personal well-being and the community's overall well-being suffer considerably.

In this case, saving the money means that the person is careful with spending and doesn't want to waste the money. This implies thrifty.

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Answer:

Being thrifty

Which of the following correctly identifies the vertices that lie on the major axis of the conic section shown below? (x - 2) 3-2*) (y+5) = 1 4 9 O A. (2,-2) and (2,-8) O B. (-5,5) and (-5,-1) O C. (5,5) and (-1,-5) O D. (0,-5) and (4,-5)

Answers

General equation of an ellipse:

[tex]\frac{(x-h)^2}{a^2}+\frac{(y-k)^2}{b^2}=1[/tex]

where (h,k) is the center, and a and b are some constants.

If b² is greater than a², then the y-axis is the major axis.

In this case, the ellipse is defined by the next equation:

[tex]\frac{(x-2)^2}{4}+\frac{(y+5)^2}{9}=1[/tex]

This means that:

[tex]\begin{gathered} b^2=9 \\ b=\sqrt[]{9} \\ b=3 \end{gathered}[/tex]

And, h = 2, k = -5

The vertices on the major axis are computed as follows:

(h, k+b) and (h, k-b)

Substituting with h = 2, k = -5, and b = 3, the vertices are:

(2, -5+3) and (2, -5-3)

(2, -2) and (2, -8)

What are the coordinates of point B (3,-2) after a 90° clockwise rotation about the origin?

Answers

answer: (-2,-3) makes a 90°

7x - 15 < 48. Elrich planted seeds from each of x different seed packets in his garden. To plant these seeds, he had to remove plants that were already in the garden. Taking into account the plants he removed and the seeds he planted, he expected to have (select) plants in the garden. From how many different seed packets did Elrich recently plant seeds?

Answers

Elrich planted 7 seeds from each of x different seed packets in his garden. To plant these seeds, he had to remove 15 plants. that were already in the garden. Taking into account the plants he removed and the seeds he planted, he expected to have less than equal to 48 plants in the garden.

The inequality :

[tex]7x-15\leq48[/tex]

Simplify for x:

[tex]7x-15\leq48[/tex]

What is the area of the figure? Please if you don’t understand ask me to move onto the next tutor as many people have gotten these questions wrong thank you and please double check and take your time!

Answers

Determine the area of the figure.

[tex]\begin{gathered} A=3\cdot8+12\cdot9+\frac{1}{2}\cdot4\cdot6 \\ =24+108+12 \\ =144 \end{gathered}[/tex]

So answer is 144 yards square.

In a right triangle, if the hypotenuse is equal to 16 feet and the side adjacent to ∠θ is equal to 5 feet, what is the approximate measurement of ∠θ?

Answers

We have the diagram:

We use the trigonometric identity cosine:

[tex]\cos\theta=\frac{adjacent}{hypotenuse}[/tex]

Substitute the values:

[tex]\begin{gathered} \cos\theta=\frac{5}{16} \\ \theta=\cos^{-1}(\frac{5}{16})=71.79 \end{gathered}[/tex]

Answer: 71.79°

3/4 divided by 3/5 how do you work the problem

Answers

We copy the first number, change the division sign to multiplication, then flip the second fraction

Cancel the three's

If you want to simplify the improper fraction, divide the numerator by the denominator

5/4 = 1 1/4

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